Equihash was developed and introduced back in 2016. The intention behind the creation of this mining algorithm was to rectify some of the drawbacks of previous proof-of-work algorithms. As a result, it has emerged as the preferred mining algorithm for a number of renowned cryptocurrencies.

We will understand the Equihash mining algorithm in-depth and go over its advantages, working and minable coins for ZCash investors and miners in this blog. Let’s get started!

Equihash Explained

The generalized birthday problem is the foundation of the asymmetric memory-oriented proof-of-work mining algorithm known as Equihash, which is used in computer science and cryptography. It makes it possible for miners to mine cryptocurrency using a regular PC.

Scientists created it to shorten the amount of time needed to complete the mining process. Because it enables regular users to divide the workload by primarily figuring out how much proof-of-work mining to do on smaller operational systems. It connects the conventional SHA256 mining with numerous advantages, using Zcash as the perfect example of how to apply Equihash.

Key Features of Equihash

1. This algorithm aims to prevent mining from becoming too centralized. The relatively low efficiency of ASIC miners for Equihash indicates that, despite the existence of miners, mining Equihash is a complex process.

2. It provides a small resolution, yet difficult cryptographic test to construct. This contributes to the network’s overall scalability by preventing the traffic from massive cryptographic tests from overwhelming the system.

3. Large memory requirements for the test which indicates that mining with CPU, GPU, and ASIC is always expensive, even with optimizations.

4. It is very flexible and is capable of supporting future structural and algorithmic advancements.

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